Reuters-Wall Street subdued on lingering concerns over elevated rates
September 25, 2023 3 min 531 words
这篇报道反映了美国股市的现状，即受到了对高利率持续存在的担忧的影响，导致投资者情绪不佳。虽然我无法了解具体的市场情况，但可以看出，随着长期国债收益率的持续上升，股市表现不佳，尤其是成长股遭受打击。此外，对于年底可能出现的加息以及明年减少降息预期的不确定性，也在加剧市场的不确定性。 在这种情况下，一些知名科技公司如Alphabet、Microsoft、Tesla和Meta Platforms也受到了压力，它们的股价下跌。与此同时，消费类必需品和公用事业领域的股票遭受了较大的冲击，而能源行业则表现较好。 文章还提到了投资者将关注的经济数据和美联储决策者的讲话，这些因素将在未来一周内影响市场。另外，关于股市主要利率在11月和12月保持不变的投注分别达到了74%和59%，这反映出市场对未来利率政策的不确定性。 总体来说，这篇报道强调了市场的不确定性，特别是关于利率政策的不确定性如何影响股市。投资者需要密切关注美联储的政策和经济数据，以便更好地了解市场的走势。
Major U.S. stock indexes were lackluster on Monday as worries over prolonged higher interest rates kept the 10-year Treasury yield buoyant, while investors awaited economic data and Federal Reserve policymakers' remarks throughout the week.
The S&P 500 (.SPX) and the Nasdaq (.IXIC) dropped to their lowest level since June, while the Dow (.DJI) fell to over two-month low in early trade. The indexes also eyed their first quarterly declines so far this year heading into the last days of September.
Uncertainty around the interest rate outlook, including a potential hike by the end of the year and expectations for fewer cuts next year, have pushed the 10-year Treasury yield to a 16-year high, hurting growth stocks.
Alphabet (GOOGL.O), Microsoft (MSFT.O), Tesla (TSLA.O) and Meta Platforms (META.O) remained under pressure on Monday, losing between 0.2 and 0.7%.
Consumer staples (.SPLRCS) and utilities (.SPLRCU) were the worst hit among the major S&P 500 sector indexes, while energy (.SPNY) was the top gainer.
Investors will now monitor data on durable goods and the Fed's preferred inflation gauge Personal Consumption Expenditures (PCE) price index for August, second-quarter GDP, and remarks by Fed policymakers including Chair Jerome Powell through the course of the week.
"Now we're in a time where the lag (from the Fed's policy tightening) is here and if so, its going to have its effect now, which is when you start to really watch those indicators," said Thomas Martin, senior portfolio manager at GLOBALT Investments.
Traders' bets on the benchmark rate remaining unchanged in November and December stood at 74% and 59%, respectively, according to CME's FedWatch tool.
At 9:52 a.m. ET, the Dow Jones Industrial Average (.DJI) was down 73.34 points, or 0.22%, at 33,890.50, the S&P 500 (.SPX) was down 2.59 points, or 0.06%, at 4,317.47, and the Nasdaq Composite (.IXIC) was up 2.43 points, or 0.02%, at 13,214.24.
Meanwhile, Chicago Fed president Austan Goolsbee in an interview on CNBC stressed on the need to brining inflation back to the 2% target, after some Fed policymakers last week warned of further hikes.
The CBOE volatility index (.VIX), known as Wall Street's "fear gauge", hit its highest level in more than a month, reflecting rising investor anxiety.
Media firms Netflix (NFLX.O) and Walt Disney (DIS.N) gained 1.0% and 0.4%, respectively, after Hollywood's writers union reached a preliminary labor agreement with major studios on Sunday, a deal expected to end one of two strikes that have halted most film and television production.
Footwear maker Nike (NKE.N) and sportswear retailer Foot Locker (FL.N) lost 0.4% and 4.0%, respectively, after Jefferies downgraded both the stocks to "hold" from "buy".
U.S.-listed shares of Chinese firms dipped ahead of a week-long holiday in the world's second largest economy. Shares of Alibaba , PDD Holdings (PDD.O), Baidu and JD.com fell between 1.0% and 2.9%.
Declining issues outnumbered advancers for a 1.83-to-1 ratio on the NYSE and a 1.39-to-1 ratio on the Nasdaq.
The S&P index recorded no new 52-week highs and 37 new lows, while the Nasdaq recorded 16 new highs and 225 new lows.